Cheese Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033

LONDON, GREATER LONDON, UK, January 15, 2024 /EINPresswire.com/ -- The cheese market has experienced robust growth, surging from $274.36 billion in 2023 to an estimated $296.99 billion in 2024, propelled by a noteworthy compound annual growth rate (CAGR) of 8.2%. The market is poised for continued robust growth, reaching $402.81 billion by 2028, driven by a CAGR of 7.9%.

Driving Forces: Local, Sustainable, and Organic Cheese Demand
The cheese manufacturing market is witnessing a surge in demand driven by consumers' increasing preference for local, sustainable, and organic food production. The emphasis on consumer health, environmental protection, and animal welfare in organic food production, including organic dairy products, is a key factor. The Organic Trade Organisation reported a 2% increase in organic sales from 2020 to 2021, surpassing $63 billion. The demand for organic dairy products, including cheese, offers significant opportunities for producers globally, fueling growth in the cheese manufacturing industry.

Fast Food Frenzy Fuels Cheese Market Expansion
The rising demand for fast food is a prominent catalyst for the cheese market's growth. As fast-food consumption continues to surge, cheese plays a vital role as a key ingredient or topping in various menu items, enhancing flavor, texture, and overall appeal. In the US alone, an estimated $200 billion was spent on fast food in 2023, with projections to reach $931.7 billion by 2027. The increasing popularity of fast food, where cheese features prominently, is a major driver for the growing cheese market.

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Industry Leaders and Market Dynamics
Major players shaping the cheese market include Groupe Lactalis S.A., Saputo Inc., The Kraft Heinz Company, Fonterra Group Cooperative Limited, Arla Foods amba, and others. These industry leaders are navigating the market's dynamics, responding to consumer trends, and driving innovation in the cheese sector.

IoT Technology Revolutionizing Dairy Product Tracking
The internet of things (IoT) technology is revolutionizing the dairy industry by enhancing the tracking of dairy products for improved safety and quality. IoT enables continuous data exchange between devices, vehicles, or other items, facilitating real-time insights into product handling. The Chinese government's implementation of the National Food Quality Safety Traceability Platform exemplifies the use of IoT to enhance the quality and safety of food production supply chains.

Land O'Lakes Shredded Cheese: A Wisconsin Delight
Innovations in product offerings, exemplified by Land O'Lakes Shredded Cheese, showcase the industry's commitment to quality and expertise. This line of pre-shredded cheese products, launched by Land O’Lakes Inc., leverages Wisconsin's dairy resources, expertise, and logistical advantages. The Land O'Lakes Shredded Cheese line, produced in Wisconsin, stands out as a high-quality, convenient, and versatile cheese option, aligning with consumers' preferences for delicious and nutritious choices.

Global Perspectives and Market Segmentation

Asia-Pacific emerges as the largest region in the cheese market in 2023, with North America securing the second-largest position. The comprehensive market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Segmentation Insights: Exploring Cheese Varieties
The cheese market, detailed in this report, is segmented –
•By Type: Natural Cheese, Processed Cheese
•By Product: Mozzarella, Cheddar, Feta, Parmesan, Roquefort, Other Products
•By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels

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Cheese Global Market Report 2024 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Cheese Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on cheese market size, cheese market drivers and trends, cheese market major players, cheese market competitors' revenues, cheese market positioning, and market growth across geographies. The cheese market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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